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☆ Striking auto workers are highlighting their CEOs' multi-million dollar pay. Here's how much the top bosses at Ford, GM and Stellantis make
▼ + stars: | 2023-09-22 | by ( Graham Rapier | Nora Naughton | Associated Press | ) www.businessinsider.com time to read: +10 min

"The reason we ask for 40% pay increases is because in the last four years alone, the CEO pay went up 40%. U.S. companies, in contrast, use grant date value of stock packages awarded to executives during the reporting year. AdvertisementAdvertisementThat's because in some years, talking about a CEO's "realized pay" can obscure exorbitant pay packages approved by company boards. AdvertisementAdvertisementThe CEOs of GM and Ford also saw their compensation packages peak in 2021, before declining slightly in 2022. However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic.

Persons: Mary Barra's, Shawn Fain, Fain, Mary Barra, James Farley, Jim Hackett, Stellantis, Carlos Tavares, Mike Manley's, Equilar, Tavares, That's, Manley, —, Harry Katz, Tesla, Elon Organizations: UAW, Service, United Auto Workers, Ford, GM, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Chrysler, CBS, Big, General, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, Fiat Chrysler, Institute, Detroit, Cornell University, U.S Locations: Wall, Silicon, Stellantis, American, European

☆ Freight Train Derails in Southwestern Wisconsin
▼ + stars: | 2023-04-27 | by ( Michael Levenson | April Rubin | ) www.nytimes.com time to read: +1 min

A BNSF freight train derailed on Thursday in southwestern Wisconsin, injuring four crew members and sending two containers into the Mississippi River but causing no environmental damage, officials said. BNSF said in a statement that the train derailed at about 12:15 p.m. local time near the village of De Soto, Wis., which hugs the Mississippi River, near the border of Iowa and Minnesota. Two of the three locomotives and an unknown number of cars carrying “freight of all kinds” were involved, the statement said. Two containers went into the Mississippi River, but they did not contain hazardous materials, the statement said. The materials did not pose a hazard to the public because they remained on land, he said.

Ford sold 91 million shares of the EV startup in 2022, according to the filing. Ford's sale of the shares was worth about $3 billion in total proceeds, the company said, a substantial gain on its $1.2 billion investment in Rivian. Ford, as of the end of last year, still owned about 11 million of its initial 101.9 million shares of Rivian. Ford first invested in Rivian in 2019, before the EV maker went public. But as a result of that initial investment, Ford was among the largest stakeholders in the company upon Rivian's blockbuster IPO in 2021, with a 12% stake.

☆ Ford, VW pull plug on robotaxis in blow to self-driving car industry
▼ + stars: | 2022-10-26 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

Ford said Wednesday that it had concluded that the large-scale profitable commercialization of self-driving cars was further out then expected. Some Argo AI employees will join Ford for that work, Farley said. The company was developing robotaxis, self-driving vehicles that can operate in a ridehail service that does not require human drivers. The team effort allowed Ford and VW to share the hefty costs of developing self-driving cars. Companies have found that developing self-driving cars is incredibly expensive.

☆ Ford ar putea să își producă propriile sale baterii pentru automobilele electrice
▼ + stars: | 2020-08-22 | by ( Https | Www.Facebook.Com Radiochisinau | ) radiochisinau.md time to read: +3 min

Acest lucru este ceva natural având în vedere creșterea vânzărilor de automobile electrice", a spus Jim Farley la teleconferința Reuters Automotive Summit. În urmă cu doar patru luni, directorul general Ford de atunci Jim Hackett spunea că "nu există avantaje" pentru ca Ford să își producă propriile sale baterii. În cazul nostru, acest lucru necesită o discuție activă cu sindicatele și una din alegerile evidente este producția de baterii" a spus Jim Farley. Ford Motor Company este o companie globală cu sediul în Dearborn, Michigan. Pe lângă Ford Motor Credit Company, operațiunile Ford Europa includ Divizia de servicii pentru clienți Ford și 19 unități de producție (12 unități proprii și șapte asocieri în participație neconsolidate).

Persons: Jim Farley, Jim Hackett, Tesla Organizations: american Ford Motor, Ford, Reuters, Agerpres, teleconferința Reuters, Summit, Motors, Company, Lincoln, Ford Motor Credit Company, Ford Europa Locations: american, Dearborn, Michigan

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